Our Investments

Our Investments

Tamasuk is a trusted lead developer in this sector, and actively working with the Ministry of Health (MOH) for the country's first healthcare PPP project and NEOM for its inaugural Residential Communities PPP project

Healthcare

Al Ansar Hospital

Tamasuk acting as Managing Member, and Alghanim International are developing a new hospital in Madinah, having signed a 20-year Project Agreement with the Ministry of Health in February 2023.

The Al Ansar Hospital PPP represents the first pilot project under the Hospitals PSP Initiative and will set the template for healthcare PPPs in KSA going forward.

The project involves the development, construction and financing of a 244-bed public hospital and associated facilities for the MOH which will primarily be an emergency hospital for the pilgrims and residents in Madinah. The consortium is also responsible for the provision and long-term servicing and maintenance of the medical equipment for the hospital.

Construction work commenced on Al Ansar Hospital in 2023 and the hospital is expected to be reach operational status during 2026.

NEOM Accommodation

NEOM Residential Communities (NRC) 5-6

Tamasuk is currently developing a 10,000-resident community in NEOM, having signed a 7-year DBFOM agreement with NEOM in 2022. NEOM, which means “new future” is a region located in northwest of the Kingdom of Saudi Arabia that will include hyperconnected, cognitive cities, ports and enterprise zones once complete. Among its main regional developments are the linear city THE LINE, Oxagon, an advanced and clean industry city and port, and Trojena, a year-round mountain destination.

Once constructed, the community will provide high quality accommodation to over 10,000 residents who serve as a vital backbone of the workforce at NEOM.

Tamasuk has partnered with Al Majal Arabi (as EPC Contractor and co-sponsor) for NRC 5-6 and is also involved in the delivery of Facilities Management Services via a joint venture partnership between TOFM (its subsidiary) and Al Majal Arabi.

NRC 5-6 achieved financial close in April 2023 and will be handed over to NEOM in phases during 2023 and 2024.

NEOM Residential Communities (NRC) 9-10

Tamasuk is currently developing a 10,000-resident community in NEOM, having signed a 7-year DBFOM agreement with NEOM in 2022.

NEOM, which means “new future” is a region located in northwest of the Kingdom of Saudi Arabia that will include hyperconnected, cognitive cities, ports and enterprise zones once complete. Among its main regional developments are the linear city THE LINE, Oxagon, an advanced and clean industry city and port, and Trojena, a year-round mountain destination

Once constructed, the community will provide high quality accommodation to over 10,000 residents who serve as a vital backbone of the workforce at NEOM.

Tamasuk has partnered with SATCO (as EPC Contractor and co-sponsor) for NRC 9-10 and is also involved in the delivery of Facilities Management Services via a joint venture partnership between TOFM (its subsidiary) and Al Majal Arabi

NRC 9-10 achieved financial close in April 2023 and will be handed over to NEOM in phases during 2023 and 2024.

Sustainable Energy & Utilities

Tafila Wind Farm

The 117MW Tafila Wind Farm is connected to Jordan’s national electricity grid and was commissioned in December 2015. The wind farm accounts for 12% of the Kingdom’s total operating renewable energy generation, generating around 350GWh of clean energy annually, enough to power 83,000 homes in the region. This offsets approximately 235,000 tonnes of carbon emissions annually. It is the first commercial utility-scale wind power project in the Middle East, and the largest privately-financed wind farm in Jordan.

Water Utilities

Madinah, Buraydah and Tabuk Wastewater Treatment Plants

Tamasuk, alongside its partners Acciona Aqua and Tawzea are developing three new wastewater treatment projects in the cities of Madinah, Buraydah and Tabuk in the Kingdom of Saudi Arabia, having signed 25-year Sewage Treatment Agreements with Saudi Water Partnerships Company (SWPC) in 2022. The projects, once operational, will be able to receive, treat and deliver up to 440,000m3/day of sewage, producing treated sewage effluent which can be used by the municipalities for irrigation and landscaping. The design of these wastewater treatment facilities takes into account sustainable operations and maintenance as well as the Kingdom’s goal to maximise the used of renewed water from treatment plants for the Saudi Irrigation Organization (SIO).

Tamasuk's data centre development subsidiary is called Quantum Switch Tamasuk (QST), the leading owner, operator, and developer of hyperscale carrier neutral data centres in the Middle East. Our world-class data centres offer the reliability, security, and flexibility that our hyperscale customers require to house their cloud and IT infrastructure and we have been selected as a preferred data centre development partner by the Ministry of Communications and Information Technology (MCIT).

DC1, Dammam, Saudi Arabia

DC1 is a newly constructed state-of-the-art 9MW IT load data centre located in King Salman Energy Park (SPARK) that achieved commercial operations in December 2022. DC1 was developed by Quantum Switch Tamasuk (a joint venture between Quantum Switch and Tamasuk to develop hyperscale facilities in the Middle East).

DC1 was designed and built according to strict hyper-scale requirements, uses top-grade equipment and is tier 3 rated by the Uptime Institute.

DC1 operations are self-delivered by QST FM, that benefits from highly qualified personnel and best-in-class processes that comply with the industry’s most acknowledged certifications like ISO and Uptime Institute. QST FM assurances are supported by the industry’s next-level technologies using state-of-the-art Computer Aided Facility Management (CAFM) systems, BMS, PMS, and help desk.

DC2, Dammam, Saudi Arabia

DC2 is a 9 MW data centre which achieved commercial operations in September 2023.

It is located in the same geographical region as DC1 and benefits from the same strict design and build specifications as DC1, with QST FM self-delivering the operations.

DC2 is partially contracted to an international hyperscale customer.

  • Wastewater treatment plants in Madinah, Buraydah and Tabuk

    Tamasuk, alongside its partners Acciona Aqua and Tawzea are developing three new wastewater treatment projects in the cities of Madinah, Buraydah and Tabuk in the Kingdom of Saudi Arabia, having signed 25-year Sewage Treatment Agreements with Saudi Water Partnerships Company (SWPC) in 2022.

    The projects are expected to be fully constructed by [insert date] and once operational, will be able to receive, treat and deliver up to 440,000m3/day of sewage, producing treated sewage effluent which can be used by the municipalities for irrigation and landscaping. The design of these wastewater treatment facilities takes into account sustainable operations and maintenance as well as the Kingdom’s goal to maximise the used of renewed water from treatment plants for the Saudi Irrigation Organization (SIO).

  • DC2, Dammam, Saudi Arabia

    DC2 is a [X MW centre] currently under construction and is expected to achieve commercial operations in [insert date]. It is located in the same geographical region as DC1 and benefits from the same strict design and build specifications as DC1. Once completed, it will also be leased on a long-term basis to a hyperscale customer.

  • DC1, Dammam, Saudi Arabia

    DC1 is a newly constructed state-of-the-art that achieved commercial operations in [insert date]DC1 was developed by Quantum Switch Tamasuk (a joint venture between Quantum Switch and Tamasuk to develop hyperscale facilities in the Middle East). DC1 was designed and built according to strict hyper-scale requirements, uses top-grade equipment and is tier 3 rated by the Uptime Institute.

    DC1 operations are self-delivered by QST FM, that benefits from highly qualified personnel and best-in-class processes that comply with the industry’s most acknowledged certifications like ISO and Uptime Institute. QST FM assurances are supported by the industry’s next-level technologies using state-of-the-art Computer Aided Facility Management (CAFM) systems, BMS, PMS, and help desk.

  • NEOM CV 9-10

    Tamasuk is currently developing this 10,000 person Construction Village in NEOM, having signed a 7-year DBFOM agreement with NEOM in 2022. NEOM, which means “new future” is located in north west of the Kingdom of Saudi Arabia that will be made up of a number of regions – including the linear city THE LINE, a center for advanced and clean industries Oxagon, a mountain destination Trojena and a luxury island resort Sindalah. Once constructed, the villages will provide high quality accommodation to over 10,000 residents and workers and will serve as a vital backbone for the labor force required to build large-scale real estate projects in NEOM. Tamasuk has partnered with SATCO (as EPC Contractor and co-sponsor) for CV 9-10 and is also involved in the delivery of Facilities Management Services via a joint venture partnership between TOFM (its subsidiary) and Al Majal Arabi. CV 9-10 achieved financial close in April 2023 and will be handed over to NEOM in phases during 2023 and 2024.

  • NEOM CV 5-6

    Tamasuk is currently developing this 10,000 person Construction Village in NEOM, having signed a 7-year DBFOM agreement with NEOM in 2022. NEOM, which means “new future” is located in north west of the Kingdom of Saudi Arabia that will be made up of a number of regions – including the linear city THE LINE, a center for advanced and clean industries Oxagon, a mountain destination Trojena and a luxury island resort Sindalah.

    Once constructed, the villages will provide high quality accommodation to over 10,000 residents and workers and will serve as a vital backbone for the labor force required to build large-scale real estate projects in NEOM. Tamasuk has partnered with Al Majal Arabi (as EPC Contractor and co-sponsor) for CV 5-6 and is also involved in the delivery of Facilities Management Services via a joint venture partnership between TOFM (its subsidiary) and Al Majal Arabi. CV 5-6 achieved financial close in April 2023 and will be handed over to NEOM in phases during 2023 and 2024.

  • Al Ansar Hospital

    Tamasuk, alongside its partner Alghanim International are developing a 244 bed hospital in Madinah, having signed a 20-year Project Agreement with the Ministry of Health in 2023. Al Ansar Hospital PPP represents the first pilot project under the Hospitals PSP Initiative and will set the template for healthcare PPPs in KSA going forward.

    The project involves the development, construction and financing of a 244-bed public hospital and associated facilities for the MOH which will primarily be an emergency hospital for the pilgrims and local residents in the hospital’s area. The consortium is also responsible for the provision and long-term servicing and maintenance of the medical equipment for the hospital.

    Construction work commenced on Al Ansar Hospital in 2023 and the hospital is expected to be reach operational status during 2026.

  • Wastewater treatment plants in Madinah, Buraydah and Tabuk

    Tamasuk, alongside its partners Acciona Aqua and Tawzea are developing three new wastewater treatment projects in the cities of Madinah, Buraydah and Tabuk in the Kingdom of Saudi Arabia, having signed 25-year Sewage Treatment Agreements with Saudi Water Partnerships Company (SWPC) in 2022.

    The projects are expected to be fully constructed by [insert date] and once operational, will be able to receive, treat and deliver up to 440,000m3/day of sewage, producing treated sewage effluent which can be used by the municipalities for irrigation and landscaping. The design of these wastewater treatment facilities takes into account sustainable operations and maintenance as well as the Kingdom’s goal to maximise the used of renewed water from treatment plants for the Saudi Irrigation Organization (SIO).

  • Hyperscaler Data Centre Projects In Dammam, Saudi Arabia

    Tamasuk and Quantum Switch have formed a data centre development joint-venture company, called Quantum Switch Tamasuk (QST) to develop hyperscale data centre facilities in the Middle East. QST has signed 2 lease agreements with an international hyperscaler customer to design and build 2 new state-of-the-art data centers for cloud computing services delivery in Saudi Arabia. Once completed in 2022 and 2023, QST will carry out the facilities management of these data centers for the customer. The design of these data centers is based upon stringent hyper-scale requirements and is envisaged to be linked to clean energy for its electricity requirements as part of QST’s overall delivery strategy.